KKR to deploy significant part of new Asian fund in Japan

Chief executive of KKR Japan Hirofumi Hirano said that KKR will target Japanese companies whose bonds have been rated as junk, according to Reuters.

He added that the firm will restructure and provide equity to companies that have the potential to recover. KKR will focus on mid-market companies based both in and outside of Tokyo, which Hirano said were the most popular buyout targets in the country.

Earlier this week KKR closed the fund on $6bn, making it the biggest Asia-focused vehicle ever raised.